Shocking news from Panama, where the WBA conducted a purse bid for a Wladimir Klitschko vs. Alexander Povetkin heavyweight contest. Sauerland Event, Povetkin's promoter, bid slightly over $6 million dollars. K2, of which Klitschko is a part owner, topped that bid with $7.1 million. However, both figures were dwarfed by Hrunov Promotions' monstrous $23.2 million bid to bring the fight to Povetkin's home country, Russia (Klitschko is from The Ukraine). The $23.2 million gets whacked up as follows: 75% to Klitschko as WBA super champion (over $17 million) and 25% to Povetkin as WBA regular champion (over $5 million). Hrunov listed August 31st as the fight date with possible venues of Moscow, Berlin and Las Vegas. Three big X factors remain: 1) will Hrunov, who has managed Povetkin for most of his career and also promoted shows in Russia, be able to deliver the full amount of the bid? 2) Klitschko is fighting Francesco Pianeta on May 4th and Povetkin also has the right to an interim fight; and 3) Klitschko, who also holds the IBF, WBO and IBO heavyweight championships, is always free to walk away from the WBA super championship if he does not wish to proceed with this fight (although that would mean walking away fro a very big payday). Stay tuned for more details, as Hrunov now has 20 days under WBA rules to deliver signed contracts for the bout. source: http://wbanews.com/wba-pursebid-klitschko-povetkin.html